Why Quantum Fuel Systems Technologies (QTWW) Is Up Today

NEW YORK (TheStreet) -- Quantum Fuel Systems Technologies (QTWW) was gaining 5.8% to $9.95 Friday after beating analysts' estimates for the fourth quarter.

The company posted revenue of $12.7 million for the fourth quarter, while analysts surveyed by Thomson Reuters estimated revenue of $10.73 million for the quarter. Quantum posted a loss of 33 cents a share for the quarter, though there are no analyst estimates for earnings in the quarter.

"We are pleased with completing a successful year with a strong quarter in terms of growth, financial operating performance, execution and momentum," president and CEO Brian Olson said in a press release. "The pillars for success continue to be put into place and we are excited about carrying forward our focus, determination and business plan into 2014. We are at the front-end of an abundant opportunity in natural gas storage for trucking applications and are excited to be well positioned with our advanced compressed fuel storage technology and product portfolio, in addition to our strong capabilities in delivering complete packaged storage solutions to the market."